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His entry has raised concerns over the Fed's independence, following Trump's bid to reshape the central bank.
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News and Media
The Senate confirmed Stephen Miran, a top Trump economic advisor, to the Federal Reserve board, raising concerns about the Fed's independence. The vote was largely along party lines, with Democrats expressing fears of political influence. Miran's appointment comes as the Fed is expected to reduce interest rates amidst economic uncertainty, with inflation above target and unemployment slightly elevated.
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News and Media
Asian stocks saw modest gains following Wall Street's record highs, fueled by anticipation of a Federal Reserve interest-rate cut this week. The S&P 500 surpassed 6,600 amid bets on Fed easing, while a TikTok deal and potential Trump-Xi talks also boosted sentiment.
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News and Media
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